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RANK MOBILE GAMBLING REVENUES UP 172 PERCENT

Thursday, January 31, 2013 : RANK MOBILE GAMBLING REVENUES UP 172 PERCENT
 
UK land and online gambling group reports on half year performance
 
The British online and land gambling group Rank plc has released its half year performance results, taking into account operations over the six months ended 31 December 2012.
 
Mobile operations turned in an outstanding performance, increasing revenues by an impressive 172 percent.
 
Other highlights in the results include:
 
* Group revenues up 5 percent to GBO 312 million
 
* EBITDA up 1 percent at GBP 53.7 million
 
* Operating profit 3 percent down at GBP 33.4 million
 
* Profit before tax down 4 percent at GBP 31.3 million due largely to one-off additional marketing costs in Blue Square Bet and higher operating costs in Mecca venues
 
* Net cash way up at GBP 62.6 million (H1 2011 - GBP 25 million)
 
* 33 percent rise in operating profit at Grosvenor Casinos venues
 
* 11 percent rise in revenue at Mecca Bingo.com
 
* Digital channels increased group customer visits    
 
* Fastest growing channel of distribution was mobile, which increased revenue by 172 percent
 
* GBP 13.1 million group investment in Grosvenor Casinos venues and across the Group's UK digital channels
 
* Acquisition of Gala Casinos pending Competition Commission approval and is expected to complete  by 20 February 2013
 
Ian Burke, chief executive, said:
 
"Rank has delivered a satisfactory set of results in what is a challenging economic environment. Growth in customer numbers, visits and spend per visit across the group has been achieved by strong performances in our Grosvenor Casinos venues and in Meccabingo.com. Whilst adjusted profit before tax is slightly lower than last year, this is largely due to the increased marketing spend incurred by Blue Square Bet and higher operating costs in our Mecca venues.
 
"Allowing for the slow start to the second half we remain confident in our prospects for the remainder of the year and in our longer-term growth strategy."



Gambling News :

Tim Chung Wins MPNPT Manchester - The 288-runner £550 MPNPT Manchester Main Event today crowned its champion, awarding the bulk of the £150,000 total prizepool to the nine players surviving after two days of tournament poker at the Grosvenor Casino.

MPNPT Manchester Day 2 - Day 2 of the £550 MPNPT Manchester Main Event saw 60 Day 1 survivors (from a total of 288 entries) and three intrepid last-minute registrants sit down to play to the final table.

Day 1B MPN Poker Tour Manchester - Day 1B of the £550 MPNPT Manchester Main Event saw the field rise to 285, as players took full advantage of the whole-day re-entry period.

Day 1A MPNPT Manchester - The £150,000 guaranteed MPNPT Manchester kicked off today in style – 74 poker players from all over Europe arriving at the Grosvenor Casino to contend the first of two starting days

Kung Fu Rooster Slot Goes Live - Celebrate Chinese New Year - 2017 Year of the Rooster. It's time to sweep away any ill-fortune and make way for incoming good luck, with this exciting 12 lines slot game.

Sensational Sixes Slot Goes Live - Light up Icons like BAR's, black spades, red hearts, blue diamonds, and green clubs. The best part of Sensational Sixes are the three wild icons, for 2X, 4X, and 6X multipliers!

3 New Betsoft Slots - 3 new Betsoft slot Games were also added this week to most online casinos allowing US players.

2017 Bodog Super Millions Poker Open - The first events on the 105-tournament schedule have already been completed; there are three more tourneys on Thursday’s schedule, with a total of $34,000 in guaranteed prize money waiting to be won.

Pokerstars Pulls Out Of Coloumbia - Pokerstars Has taken the decision to cease offering real money services to players located in, playing from or resident within Colombia, effective from the 17th of July 2017.

The Railbird Launched By Americas Card Room #acra - Watching your friends conquer the tables just got a whole lot easier. Americas Card Room recently launched its industry-first Player Observer Tool dubbed “The Railbird”, a new feature that allows players seated at Americas Card Room tables to instantly share a live stream of their action with friends.

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